The recent and ongoing price increases and labor shortages are causing many developers to re-examine their projects.

They are primarily renter-type towns and there is no shortage of tenants.

Their is such a shortage in housing specially subsidized housing in the twin cities that it’s becoming absolute hit or miss for tenants using government vouchers to find great housing and maintain in a good condition.

It does seem overvalued but there is also such an inventory shortage.

The reason the property has taken so long is due to plumber/electrician unavailability, scheduling delays, supply shortages, and the extensive renovations. 

We are in a housing shortage and we are seeing fuel surcharges of about 10% from nearly all venders and subs in this past week. 

Even the Permian Basin as long as the oil holds up.No problem with the oil holding up, the bigger problem is that there is a people and housing shortage.  2bd 1 ba houses can fetch $1100/mo and up.  3 beds are in the 1300-1600 range.Motel 6 is charging $250 a night; mc Donald's starts people at $12.00 an hr, while Walmart is in the $14.00 an hr range.  

I'm investing primarily in a small town with a severe housing shortage.

I used to fret about photo quality when I first started renting, but realized over time that just a handful of decent phone pics are enough to bring prospective tenants thru the door (I am speaking for the DC metro area, where there is a huge rental housing shortage).

And in this town there is a huge shortage of housing but then again I think the employee's come from all over the county.Kind of like when Toyota built their huge facility half way from Memphis and Tupelo.. all workers need to drive 30 minutes plus to work...